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SBD/Issue 156/Facilities & Venues
Published April 27, 2010
In New Jersey, John Brennan cites sources as saying that "more than a dozen Xanadu marketing and tourism executives were let go last week by project developer Colony Capital," including GM Gary Hanson. The "near-elimination of Xanadu's marketing department can be seen as further cost-cutting by the financially strapped worldwide developer -- or a sign that Miami Dolphins owner Steve Ross will soon invest hundreds of millions of dollars in Xanadu after months of negotiations with Colony Capital." Ross' Related Cos. has been "in talks all year about the possibility of providing all or part of the $500[M] deemed necessary to allow for completion of the 2 million-square-foot entertainment and retail project" (Bergen RECORD, 4/27).
|Estimated Cost For New Univ. Of Minnesota
Baseball Facility Currently At $7.5M
COST REPORT: In Minneapolis, Patrick Reusse reports the estimated cost for a new Univ. of Minnesota baseball facility, including a "playing field, artificial turf, 3,000-seat grandstand, restrooms, concession area and press box," is $7.5M. That figure "would double with what athletic director Joel Maturi referred to as Phase II: locker rooms, batting cages, other practice areas for both baseball and softball." An artist's rendering of the prospective new baseball facility "carries the label, 'Siebert Field 2011,' which everyone admits is not a viable timeline for the on-campus ballpark." Reusse: "Siebert Field 2013 seems a much more realistic label" (Minneapolis STAR TRIBUNE, 4/27).
GRAND OPENING: In Indianapolis, Terry Hutchens reported Indiana Univ. Sunday dedicated Cook Hall, its new $20M, 67,000-square-foot basketball practice facility. The facility includes Legacy Court, a "shrine to IU men's and women's basketball," and there are "touch-screen interactive displays that feature teams through every decade with photographs and video content" (INDIANAPOLIS STAR, 4/24).